14/06/2024 – Stock corporation — auf Deutsch lesen
Lenzing welcomes new core shareholder Suzano S/A
Lenzing’s main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in Lenzing.
Lenzings CEO Stephan Sielaff freut sich auf die Zusammenarbeit mit einem weiteren Kernaktionär. © Lenzing AG/Franz Neumayr
As part of this agreement, Suzano S/A will take over a 15% stake in Lenzing AG from B&C Group. Suzano is the world’s largest pulp producer based in São Paulo and recently achieved annual sales of more than EUR 7 billion.
Stephan Sielaff, Chief Executive Officer of the Lenzing Group, says: “Lenzing and Suzano are two companies that have come to know and appreciate each other in recent years as relevant players on the international pulp market. Based on the core competencies in the area of pulp production and operational excellence, Suzano can make a valuable contribution to the successful implementation of our strategy. For us, the constellation of the two strong core shareholders B&C Group and Suzano S/A is definitely a win.”
